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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
Current assets:  
Cash and cash equivalents$ 16,650$ 49,441
Short-term investments49,82435,752
Contracts receivable, including retainage92,90970,301
Costs and estimated earnings in excess of billings on uncompleted contracts25,66010,058
Inventories1,9101,479
Income tax receivable1,3660
Deferred tax asset, net7882
Receivables from and equity in construction joint ventures8,1356,744
Deposits and other current assets1,5362,472
Total current assets198,068176,329
Property and equipment, net83,71974,681
Goodwill121,010114,745
Other assets, net1,2371,376
Total assets404,034367,131
Current liabilities:  
Accounts payable51,37937,631
Billings in excess of costs and estimated earnings on uncompleted contracts15,96717,807
Current maturities of long-term debt57373
Income taxes payable1561,493
Accrued compensation9,0516,920
Liability for put exercised by noncontrolling owner8,2050
Other current liabilities6,5565,127
Total current liabilities91,88769,051
Long-term liabilities:  
Long-term debt, net of current maturities8,281336
Deferred tax liability, net22,52418,591
Other long-term liabilities2,6570
Total long-term liabilities33,46218,927
Commitments and contingencies  
Obligation for noncontrolling owners' interests in subsidiaries and joint ventures21,94328,724
Sterling stockholder's equity:  
Preferred stock, par value $0.01 per share; 1,000,000 shares authorized, none issued00
Common stock, par value $0.01 per share; 19,000,000 shares authorized, 16,443,114 and 16,468,369 shares issued164164
Treasury stock, 122,002 and 3,147 shares of common stock(1,432)0
Additional paid in capital197,463198,849
Retained earnings59,10151,553
Accumulated other comprehensive income (loss)140(137)
Total Sterling common stockholders' equity255,436250,429
Noncontrolling interests1,3060
Total equity256,742250,429
Total liabilities and equity$ 404,034$ 367,131